Earnings Outlook For Gran Tierra Energy
Portfolio Pulse from Benzinga Insights
Gran Tierra Energy (AMEX:GTE) is expected to report a Q4 earnings per share (EPS) of $-0.13 on February 20, 2024. Analysts and investors will be looking for the company to beat this estimate and provide positive guidance for the next quarter. In the past, GTE's share price has reacted to earnings beats and misses, as well as guidance. Last quarter, GTE beat the EPS estimate by $0.65, resulting in a 6.37% share price increase the following day. However, over the last 52 weeks, GTE shares have declined by 35.68%.
February 19, 2024 | 7:01 pm
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Gran Tierra Energy is anticipated to report a Q4 EPS of -$0.13, with investors hopeful for a beat and positive future guidance. The company's past performance shows significant share price movements following earnings announcements.
Given Gran Tierra Energy's history of share price movements following earnings beats or misses, and considering the anticipation for a positive earnings report and guidance, there is a likelihood of a positive short-term impact on GTE's stock price if the company reports better than expected results or provides optimistic future guidance. The past performance indicates that the market reacts favorably to positive earnings surprises from GTE.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100